Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2013

Stockholders' Equity

Components of basic and diluted earnings per share

	Three months ended
	March 31,
	2013		2012
	(in thousands, except per share amounts)
Net income from continuing operations	$	53,863	46,837
Weighted average shares outstanding - basic	85,592		85,604
Dilutive potential shares from stock options (1)	1		2
Weighted average shares outstanding - diluted	85,593		85,606
Earnings per share from continuing operations, basic and diluted	$	0.63	0.55

(1) There were no anti-dilutive options for the three months ended March 31, 2013 or 2012.

Summary of other comprehensive income (loss) activity

	Unrealized gains on investment securities			Decrease of valuation allowance for unrealized gains on investment securities			Pension and postretirement benefits		Total accumulated other comprehensive income (loss)
	(in thousands)
Balance at December 31, 2012	$	1,823		32			(48,652	)	(46,797	)
Other comprehensive income before reclassification	3,279			1,934			—		5,213
Amount reclassified from accumulated other comprehensive income	(1,535		)	(900		)	846		(1,589	)
Net current period other comprehensive income	1,744			1,034			846		3,624
Balance at March 31, 2013	$	3,567		$	1,066		(47,806	)	(43,173	)

Summary of reclassifications from accumulated other comprehensive income and included in net income

Reclassifications from accumulated other comprehensive income and included in net income are summarized in the table that follows for the three months ended March 31, 2013.

	Pre-tax			Tax (expense) benefit		Net of tax		Statement of income line item
	(in thousands)
Reclassifications included in net income:
Realized gain on sale of available for sale investment securities	$	(2,426	)	891		(1,535	)	Investment and other income
Valuation allowance	—			(900	)	(900	)	Provision for income taxes
Amortization of pension and post retirement benefits	1,404			(558	)	846		Underwriting and distribution expense Compensation and related costs
Total	$	(1,022	)	(567	)	(1,589	)